1757 - 1757

King Dom José I limit to 5% per year the interest rates of the “maritime exchange or give money to risk”

King Dom José I, protecting the possible uses and abuses practiced “…by some businessmen, of giving and receiving loan money with the interest of one percent each month“, approved on 17th January 1757, the decree that limited interest rates to 5% per year.


Image caption
Signature of Joseph I of Portugal in a 1750 document
Image extracted from “Wikipédia – D. José I de Portugal (O Reformador)